The Compression Therapy Market is expected to reach $5.88 billion by 2030, at a CAGR of 3.8% from 2023 to 2030. Compression therapy is a method used to regulate pressure to enhance blood circulation in various body parts, facilitating improved blood flow to the heart and reducing swelling in the lower extremities. This therapy has demonstrated its effectiveness in treating medical conditions such as leg ulcers and venous disorders, significantly improving individuals' quality of life. Moreover, it can be administered across home care settings, making it particularly valuable for the geriatric population and reducing the burden on hospital care.
The growth of this market is attributed to various factors, including the rising geriatric population, the increasing prevalence of chronic diseases, the growing number of sports injuries and accidents, a rise in orthopedic procedures, the increasing cases of varicose vein diseases and deep vein thrombosis (DVT), the growing acceptance of compression therapy products as a preventive measure, and the minimal side effects and wide-ranging benefits of compression therapy. Furthermore, emerging economies are expected to provide significant market growth opportunities.
However, the adoption of alternative technologies and an inadequate reimbursement structure are some challenges for players operating in this market.
According to data published by the Joint Center for Housing Studies at Harvard University, globally, the number of households with residents aged 70 years or older is projected to increase by 40% by 2025. In addition, the population aged 80 years or over is projected to triple, from 143 million in 2019 to 426 million in 2050. (Source: United Nations)
With the rapid growth in the global geriatric population, cases of age-related chronic diseases are expected to increase globally. This demographic shift is leading to the increased prevalence of various chronic diseases. The prevalence of chronic diseases in the geriatric population is 64/1,000 persons. As per the data from UCLA Health, in 2022, there were over 1 billion obese individuals worldwide, comprising 650 million adults, 340 million adolescents, and 39 million children. Furthermore, the Bio Medical Journal has reported that varicose veins are highly prevalent, affecting anywhere from 2% to 56% of adults. Additionally, approximately 40-50% of women over 45 are affected by varicose veins, and moderately overweight women face a 50% higher risk of developing varicose veins than their non-overweight counterparts.
Compression therapy products effectively treat such diseases by increasing blood pressure in the affected area. Additionally, these products offer a valuable solution for elderly individuals who may find it challenging to visit hospitals regularly. Easily accessible at pharmacies, retailers, and e-commerce platforms, they eliminate the need for frequent hospital visits, making them highly beneficial for the geriatric population.
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Minimal Side-effects & Wide-ranging Benefits of Compression Therapy Drive the Market’s Growth
Extended hospital stays and surgeries for issues related to the body’s extremities can lead to venous problems like deep vein thrombosis, spider veins, and varicose veins. Furthermore, post-operative complications may result in the formation of blood clots in veins. Compression therapy plays a crucial role in addressing these challenges by promoting faster and more efficient blood flow in the correct direction. This therapy effectively reduces discomfort and swelling, particularly among varicose vein patients. It also alleviates symptoms associated with leg ulcers, such as pain, swelling, and itching. These benefits drive the adoption of compression therapy.
Compression therapy products do not require specialized therapists. For instance, Tactile Medical introduced the FLEXITOUCH PLUS advanced model, extending clinic-based therapy with automated self-manual lymphatic drainage for home use. This solution effectively reduces swelling, fibrosis, and the risk of infection and helps in the treatment of lymphedema and venous disorders. These advantages, coupled with ongoing technological advancements by vendors to enhance treatment outcomes, are driving the adoption of compression therapy.
In 2023, the Bandages Segment to Account for the Largest Share of the Compression Therapy Market
The significant market share of this segment is attributed to the increasing geriatric population, which is highly susceptible to issues related to improper blood flow, edema, and vein problems like varicose veins, spider veins, and leg ulcers. Additionally, the increased demand for compression bandages from healthcare professionals and the general population as a first-line treatment option contributes to the growth of this segment.
In 2023, the Static Compression Therapy Segment to Account for the Largest of the Compression Therapy Market
The significant market share of this segment is attributed to the widespread adoption of static compression therapy due to its benefits, including enhanced comfort during extended use, cost-effectiveness, user-friendly application, and the reliable delivery of consistent pressure.
The E-commerce Segment to Register the Highest Growth Rate During The Forecast Period
This growth is primarily driven by the increased availability of medical supplies at lower prices through E-commerce platforms, as well as the rising popularity and recognition of the benefits offered by these platforms.
North America to Account for the Largest Share of the Global Compression Therapy Market in 2023
North America’s significant market share can be attributed to several factors, including the increased awareness of the benefits and convenience of compression therapy, the presence of key market players, a well-established and technologically advanced healthcare environment, an increasing prevalence of chronic diseases, and a robust healthcare infrastructure in the region.
Key Players
The report includes a competitive landscape based on an extensive assessment of the product offerings and geographic presence of leading market players. It also highlights the key growth strategies adopted by these market players between 2020 and 2023. The key players profiled in the compression therapy market study are 3M Company (U.S.), Essity (Sweden), BIOCOMPRESSION SYSTEMS (U.S.), Arjo (Sweden), Convatec Inc. (U.K.), Cardinal Health (U.S.), PAUL HARTMANN AG (Germany), Medline Industries, Inc. (U.S.), Juzo (Germany), DJO, LLC (U.S.), Smith+Nephew (U.K.), SIGVARIS GROUP (U.S.), and medi GmbH & Co. KG (Germany).
Scope of the Report:
Compression Therapy Market Assessment, by Product
Compression Therapy Market Assessment, by Technique
Compression Therapy Market Assessment, by Condition
Compression Therapy Market Assessment, by Distribution Channel
Compression Therapy Market Assessment, by Geography
Key questions answered in the report:
This report provides the market sizes and forecasts for the compression therapy market based on product, technique, condition, distribution channel, and geography. The report also involves the value analysis of various segments and sub-segments of the compression therapy market at the country and regional levels.
The compression therapy market is projected to reach $5.88 billion by 2030, at a CAGR of 3.8% during the forecast period of 2023–2030.
The various products used in compression therapy are bandages, garments, and pumps. In 2023, the bandages segment is expected to account for the largest share of the compression therapy market.
The growth of this market is attributed to various factors, including the rising geriatric population, the increasing prevalence of chronic diseases, the growing number of sports injuries and accidents, a rise in orthopedic procedures, the increasing cases of varicose vein diseases and deep vein thrombosis (DVT), the growing acceptance of compression therapy products as a preventive measure, and the minimal side effects and wide-ranging advantages of compression therapy. Furthermore, emerging economies are expected to provide significant market growth opportunities.
The lack of adherence to compression therapy among patients, the need to reduce healthcare costs, and the lack of awareness of compression therapy may hamper the market’s growth.
The key players operating in the compression therapy market are 3M Company (U.S.), Essity (Sweden), BIOCOMPRESSION SYSTEMS (U.S.), Arjo (Sweden), Convatec Inc. (U.K.), Cardinal Health (U.S.), PAUL HARTMANN AG (Germany), Medline Industries, Inc. (U.S.), Juzo (Germany), DJO, LLC (U.S.), Smith+Nephew (U.K.), SIGVARIS GROUP, and medi GmbH & Co. KG (Germany).
The market in Asia-Pacific is slated to register the highest growth rate during the forecast period and offer significant growth opportunities for market players. The growth of this regional market is driven by the increasing geriatric population, rising healthcare expenditure, and the rise in road accidents and diabetes-related disorders, particularly in countries like China and India.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition and Scope
1.2. Market Ecosystem
1.3. Currency and Limitation
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders of The Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.4. Assumptions for The Study
3. Executive Summary
4. Market Insights
4.1. Market Overview
4.1.1. Drivers
4.1.1.1. Rising Geriatric Population
4.1.1.2. Growing Number of Sport Injuries & Accidents
4.1.1.3. Rise in Number of Orthopedic Procedures
4.1.1.4. Increasing Cases of Varicose Vein Diseases and Deep Vein Thrombosis (DVT)
4.1.1.5. Growing Acceptance of Compression Therapy Products as a Preventive Measure
4.1.1.6. Minimal Side-effects & Wide-ranging Benefits of Compression Therapy
4.1.2. Restraints
4.1.2.1. Lack of Adherence to Compression Therapy Among Patients
4.1.2.2. Need to Reduce Healthcare Costs
4.1.2.3. Lack of Awareness About Compression Therapy
4.1.3. Opportunities
4.1.3.1. Emerging Economies
4.1.4. Challenge
4.1.4.1. Use of Alternative Technologies
4.1.4.2. Inadequate Reimbursement Structure
4.2. Factor Analysis
4.3. Industry and Technology Trends
4.4. Pricing Analysis
4.5. Porter’s Five Forces Analysis
5. Compression Therapy Market Assessment—by Product
5.1. Overview
5.2. Bandages
5.3. Garments
5.3.1. Stockings
5.3.2. Socks
5.3.3. Wraps
5.3.4. Other Garments
5.4. Pumps
6. Compression Therapy Market Assessment—by Technique
6.1. Overview
6.2. Static Compression Therapy
6.3. Dynamic Compression Therapy
7. Compression Therapy Market Assessment—by Condition
7.1. Overview
7.2. Varicose Vein Diseases
7.3. Deep Vein Thrombosis
7.4. Lymphedema Treatment
7.5. Leg Ulcer
7.6. Other Conditions
8. Compression Therapy Market Assessment—by Distribution Channel
8.1. Overview
8.2. Hospitals and Clinics
8.3. Pharmacies and Retailers
8.4. E-commerce
8.5. Other Distribution Channels
9. Compression Therapy Market Assessment—by Geography
9.1. Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.2.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4 Rest of Asia-Pacific
9.5. Latin America
9.6. Middle East & Africa
10. Competition Analysis
10.1. Overview
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
10.4. Competitive Dashboard
10.4.1. Industry Leaders
10.4.2. Differentiators
10.4.3. Vanguards
10.4.4. Emerging Companies
11. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)
11.1. 3M Company
11.2. Essity
11.3. BIOCOMPRESSION SYSTEMS
11.4. Arjo
11.5. Convatec Inc.
11.6. Cardinal Health
11.7. PAUL HARTMANN AG
11.8. Medline Industries, Inc.
11.9. Juzo
11.10. DJO, LLC
11.11. Smith+Nephew
11.12. Medi GmbH & Co. KG
11.13. SIGVARIS GROUP
(Note: SWOT analysis is provided for the top 5 companies.)
12. Appendix
12.1. Available Customization
12.2. Related Reports
List of Tables
Table 1 Global Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 2 Global Compression Therapy Bandages Market, by Country/Region, 2021–2030 (USD Million)
Table 3 Global Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 4 Global Compression Therapy Garments Market, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Compression Therapy Stockings Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Compression Therapy Socks Market, by Country/Region, 2021–2030 (USD Million)
Table 7 Global Compression Therapy Wraps Market, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Other Compression Therapy Garments Market, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Compression Therapy Pumps Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 11 Global Static Compression Therapy Market, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Dynamic Compression Therapy Market, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 14 Global Compression Therapy Market for Varicose Vein Diseases, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Compression Therapy Market for Deep Vein Thrombosis, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Compression Therapy Market for Lymphedema Treatment, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Compression Therapy Market for Leg Ulcer, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Compression Therapy Market for Other Conditions, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 20 Global Compression Therapy Market through Hospitals & Clinics, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Compression Therapy Market through Pharmacies & Retailers, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Compression Therapy Market through E-commerce, by Country/Region, 2021–2030 (USD Million)
Table 23 Global Compression Therapy Market through Other Distribution Channels, by Country/Region, 2021–2030 (USD Million)
Table 24 Global Compression Therapy Market, by Country/Region, 2021–2030 (USD Million)
Table 25 North America: Compression Therapy Market, by Country, 2021–2030 (USD Million)
Table 26 North America: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 27 North America: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 28 North America: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 29 North America: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 30 North America: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 31 U.S.: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 32 U.S.: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 33 U.S.: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 34 U.S.: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 35 U.S.: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 36 Canada: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 37 Canada: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 38 Canada: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 39 Canada: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 40 Canada: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 41 Europe: Compression Therapy Market, by Country, 2021–2030 (USD Million)
Table 42 Europe: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 43 Europe: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 44 Europe: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 45 Europe: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 46 Europe: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 47 Germany: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 48 Germany: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 49 Germany: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 50 Germany: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 51 Germany: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 52 France: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 53 France: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 54 France: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 55 France: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 56 France: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 57 U.K.: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 58 U.K.: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 59 U.K.: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 60 U.K.: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 61 U.K.: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 62 Italy: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 63 Italy: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 64 Italy: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 65 Italy: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 66 Italy: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 67 Spain: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 68 Spain: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 69 Spain: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 70 Spain: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 71 Spain: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 72 Rest of Europe: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 73 Rest of Europe: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 74 Rest of Europe: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 75 Rest of Europe: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 76 Rest of Europe: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 77 Asia-Pacific: Compression Therapy Market, by Country, 2021–2030 (USD Million)
Table 78 Asia-Pacific: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 79 Asia-Pacific: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 80 Asia-Pacific: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 81 Asia-Pacific: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 82 Asia-Pacific: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 83 Japan: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 84 Japan: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 85 Japan: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 86 Japan: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 87 Japan: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 88 China: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 89 China: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 90 China: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 91 China: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 92 China: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 93 India: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 94 India: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 95 India: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 96 India: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 97 India: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 98 Rest of Asia-Pacific: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 99 Rest of Asia-Pacific: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 100 Rest of Asia-Pacific: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 101 Rest of Asia-Pacific: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 102 Rest of Asia-Pacific: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 103 Latin America: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 104 Latin America: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 105 Latin America: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 106 Latin America: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 107 Latin America: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
Table 108 Middle East & Africa: Compression Therapy Market, by Product, 2021–2030 (USD Million)
Table 109 Middle East & Africa: Compression Therapy Garments Market, by Type, 2021–2030 (USD Million)
Table 110 Middle East & Africa: Compression Therapy Market, by Technique, 2021–2030 (USD Million)
Table 111 Middle East & Africa: Compression Therapy Market, by Condition, 2021–2030 (USD Million)
Table 112 Middle East & Africa: Compression Therapy Market, by Distribution Channel, 2021–2030 (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Secondary Sources Referenced for This Study
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 Compression Therapy Market, by Product, 2021 Vs. 2030 (USD Million)
Figure 8 Compression Therapy Market, by Technique, 2021 Vs. 2030 (USD Million)
Figure 9 Compression Therapy Market, by Condition, 2021 Vs. 2030 (USD Million)
Figure 10 Compression Therapy Market, by Distribution Channel, 2023 Vs. 2030 (USD Million)
Figure 11 Impact Analysis: Compression Therapy Market
Figure 12 Compression Therapy Market, by Product, 2023 Vs. 2030 (USD Million)
Figure 13 Compression Therapy Market, by Technique, 2023 Vs. 2030 (USD Million)
Figure 14 Compression Therapy Market, by Condition, 2023 Vs. 2030 (USD Million)
Figure 15 Compression Therapy Market, by Distribution Channel, 2023 Vs. 2030 (USD Million)
Figure 16 Compression Therapy Market, by Region, 2021-2030 (USD Million)
Figure 17 North America: Compression Therapy Market Snapshot
Figure 18 Europe: Compression Therapy Market Snapshot
Figure 19 Asia-Pacific: Compression Therapy Market Snapshot
Figure 20 Competitive Dashboard: Compression Therapy Market
Figure 21 3M Company: Financial Overview (2022)
Figure 22 Convatec Inc.: Financial Overview (2022)
Figure 23 Cardinal Health: Financial Overview (2022)
Figure 24 PAUL HARTMANN AG: Financial Overview (2022)
Figure 25 Medline Industries, Inc.: Financial Overview (2022)
Figure 26 Smith+Nephew: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jul-2023
Published Date: May-2023
Published Date: Nov-2021
Published Date: Jul-2020
